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Ticker Summary (M)
| 20.87+0.16 (+0.77%) | |
|---|---|
| Open | 21.07 |
| High | 21.32 |
| Low | 20.76 |
| Volume | 7,508,428 |
| Market Cap | 8.811B |
| 52 Week High | 25.25 |
| 52 Week Low | 14.75 |
| P/E | 14.80 |
| F P/E | 9.50 |
| EPS | 1.41 |
| Dividend | 0.20 |
| Yield | 0.97% |
| 1 Year Target | 26.14 |
M 20.87 +0.77%
Macy's announced Friday that it plans on closing nine stores across Indiana, Ohio, Louisiana, Oklahoma, Utah, and Texas. Macy's reported that 899 employees affected by the closing would be offered jobs at nearby stores where possible. Macy's stated that the plan is to close stores with declining sales in areas with lower growth opportunities. Macy's still plans on opening five new stores in 2008.
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